FM extends exemption on interest income in NR(E), NRI accounts. (28-FEB-05) PTI

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FM extends exemption on interest income in NR(E), NRI accounts.

Publication: PTI - The Press Trust of India Ltd.

Publication Date: 28-FEB-05

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New Delhi, Feb 28 (PTI) In a major benefit to NRIs, India's Finance Minister P Chidambaram Monday extended tax exemption on interest in Non-Resident (external) Account and on interest payable by a scheduled bank to Non-Resident Indians.

At present, interest income accrued before March 31, 2005, on money deposited...

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